Coca-Cola Bottling Co. (COKE) Shares Up 1.7%
Coca-Cola Bottling Co. (NASDAQ:COKE) shot up 1.7% during trading on Tuesday . The stock traded as high as $147.91 and last traded at $147.15, with a volume of 74,338 shares traded. The stock had previously closed at $144.69.
Several brokerages have recently commented on COKE. TheStreet lowered Coca-Cola Bottling from a “buy” rating to a “hold” rating in a research note on Tuesday, May 24th. Citigroup Inc. decreased their price target on Coca-Cola Bottling from $190.00 to $144.00 and set a “neutral” rating on the stock in a research note on Friday, May 20th.
The stock has a market cap of $1.38 billion and a price-to-earnings ratio of 29.55. The company has a 50 day moving average of $137.89 and a 200 day moving average of $156.71.
Coca-Cola Bottling (NASDAQ:COKE) last issued its quarterly earnings results on Tuesday, May 10th. The company reported $0.67 EPS for the quarter, missing the consensus estimate of $1.11 by $0.44. On average, equities research analysts expect that Coca-Cola Bottling Co. will post $6.77 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 12th. Shareholders of record on Friday, July 29th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, July 27th. This represents a $1.00 dividend on an annualized basis and a yield of 0.67%.
A number of institutional investors have modified their holdings of COKE. Dimensional Fund Advisors LP boosted its position in shares of Coca-Cola Bottling by 4.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 290,779 shares of the company’s stock worth $53,070,000 after buying an additional 11,366 shares in the last quarter. Cornerstone Capital Management Holdings LLC. boosted its position in shares of Coca-Cola Bottling by 43.7% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 20,914 shares of the company’s stock worth $3,817,000 after buying an additional 6,364 shares in the last quarter. Robeco Institutional Asset Management B.V. acquired a new position in shares of Coca-Cola Bottling during the fourth quarter worth about $1,616,000. New York State Common Retirement Fund boosted its position in shares of Coca-Cola Bottling by 53.1% in the fourth quarter. New York State Common Retirement Fund now owns 9,286 shares of the company’s stock worth $1,695,000 after buying an additional 3,222 shares in the last quarter. Finally, Rhumbline Advisers boosted its position in shares of Coca-Cola Bottling by 1.2% in the fourth quarter. Rhumbline Advisers now owns 6,520 shares of the company’s stock worth $1,190,000 after buying an additional 80 shares in the last quarter.
Coca-Cola Bottling Co Consolidated produces, markets and distributes nonalcoholic beverages, primarily products of The Coca-Cola Company, which include beverage brands. The Company is an independent Coca-Cola bottler in the United States. The Company’s segments are Nonalcoholic Beverages and All Other.
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